Sibanye Stillwater Shares Exceed Analyst’s 12-Month Price Target
In recent trading, shares of Sibanye Stillwater Ltd (Symbol: SBSW) have surpassed the average analyst 12-month target price of $5.17, currently trading at $5.54 per share. When a stock meets its target set by analysts, they typically react in two ways: by downgrading on valuation or adjusting the target price higher. Analyst responses may also hinge on recent fundamental developments that could be driving the stock price upward, suggesting it may be time for a new target price.
Analyst Target Range and Insights
Three different analyst targets within the Zacks coverage universe contribute to the current average for Sibanye Stillwater Ltd. While the average is a mathematical calculation, some analysts have set lower targets, with one estimating $4.40. Conversely, one analyst has projected a target as high as $5.60, resulting in a standard deviation of $0.665.
The purpose of examining the average SBSW price target is to aggregate insights from various analysts, providing a broader perspective rather than relying on a single expert opinion. Now that SBSW has exceeded the average target price of $5.17 per share, investors are encouraged to re-evaluate the company. They must decide whether $5.17 is merely a stepping stone toward a higher target or if the valuation has become too stretched, necessitating a reconsideration of their positions.
Current Analyst Ratings for Sibanye Stillwater
| Recent SBSW Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 0 | 0 | 0 | 0 |
| Buy ratings: | 1 | 1 | 1 | 0 |
| Hold ratings: | 1 | 1 | 1 | 2 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.5 | 2.5 | 2.5 | 3.0 |
The average rating at the bottom of the table ranges from 1 to 5, where 1 indicates a Strong Buy and 5 signifies a Strong Sell. The data used in this article was sourced from Zacks Investment Research via Quandl.com.
The views and opinions expressed herein belong to the author and do not necessarily reflect those of Nasdaq, Inc.
